The Best Crypto Surveys to Earn Free Bitcoin

Why aren’t more survey sites offering crypto?

The majority of the largest survey sites have not started rewarding their members with crypto yet. Here are some key reasons why some of the larger market research suppliers operating survey sites are hesitant to adopt crypto:

1. Limited adoption: Cryptocurrency adoption is still relatively low compared to traditional payment methods, so some survey sites may not see the value in offering it yet.
2. Volatility: Cryptocurrencies are known for their volatility, which can make it difficult for survey sites to accurately price the surveys they offer.
3. Technical barriers: Offering cryptocurrency requires a certain level of technical expertise and infrastructure, which not all survey sites may possess.
4. Regulatory uncertainty: Cryptocurrency regulations vary widely by country and can be complex, which may deter some survey sites from offering it.
5. Not representative: While more people are becoming interested in cryptocurrency, it’s still linked to specific demographics such as young males. This is at odds with market research companies which typically aim to cover a national representative selection of the population in their surveys.

How to claim free cryptocurrency

Here are the general steps to receive free crypto payments from survey sites:

1. Choose a digital wallet that supports the cryptocurrency offered by the survey site. There are various wallets available, such as Coinbase, Exodus, or MyEtherWallet, and each supports different cryptocurrencies.
2. Set up your wallet account by following the instructions provided by the wallet provider. This typically involves creating a password and securely storing your private key.
3. Locate your wallet’s public address, which can usually be found by selecting the “Receive” or “Deposit” option within the wallet app.
4. Share your public address with the survey site that is offering crypto surveys. This is typically done by copying and pasting the address into the survey app or website.
5. Once the survey site has confirmed the transaction, the cryptocurrency will be transferred to your wallet, and the balance will be updated accordingly.

Keep in mind that cryptocurrency transactions are irreversible, and you should be careful when sharing your public address to ensure that you receive the correct amount and type of cryptocurrency.

What are the pros and cons of Crypto Surveys?

Crypto surveys have several pros and cons. On the positive side, you can get paid faster than with traditional banks, and you can avoid some taxes depending on where you live. You also have the potential for bigger gains, instant diversity in your assets, and control over your money. On the negative side, cryptocurrency is volatile, and the value of your pay can drop after you receive it.It can also be hard to use cryptocurrency for daily purchases, and most cryptocurrencies aren’t practical currencies due to their instability.

Here are 8 things to look out for when getting crypto survey rewards:

1. Verify the sender’s wallet address: Ensure that the wallet address from which you are receiving the crypto survey rewards is accurate and matches the intended sender.
2. Confirm the transaction amount: Check the transaction amount to make sure it matches the agreed-upon amount, and that it is not an error or a fraudulent attempt.
3. Consider transaction fees: Some cryptocurrencies may have transaction fees associated with them, so make sure you are aware of any fees and who is responsible for paying them.
4. Check for confirmations: Some cryptocurrencies require a certain number of confirmations before a transaction is considered final, so make sure you wait for the required number of confirmations before considering the transaction complete.
5. Keep your private key safe: Make sure you keep your private key safe and do not share it with anyone.
6. Consider the currency volatility: Cryptocurrencies can be volatile, so consider the potential fluctuations in value when receiving crypto survey rewards.
7. Keep records: Keep accurate records of all crypto survey transactions, including the sender’s wallet address, transaction amount, and date and time of the transaction.
8. Use trusted sources: Only accept cryptocurrency payments from trusted crypto survey sites, and be wary of any unsolicited or suspicious requests for payment.

What are the pros of getting crypto rewards for taking surveys?

There are several potential benefits of getting paid in crypto when taking surveys, including:

1. Decentralization: Crypto operates on a decentralized system, meaning that there is no central authority controlling it. This eliminates the need for intermediaries and enables faster transactions after you’ve done the hard work of taking surveys.
2. Security: Cryptocurrencies utilize advanced cryptographic techniques to secure transactions and prevent fraud. In this way, you can get paid without having to provide your bank details to the survey site.
3. Global accessibility: Cryptocurrencies can be used anywhere in the world, as long as there is an internet connection. This makes them particularly useful for international survey sites, which can issue rewards in the same currency in every country.
4. Anonymity: Transactions made with cryptocurrencies can be anonymous, which provides an extra level of privacy for survey takers.
5. Potential for appreciation: Some cryptocurrencies have appreciated significantly in value over time. If the value of the cryptocurrency being received goes up, the recipient could potentially make a profit by holding onto it. This could be really interesting for survey sites offering their own proprietary token.
6. Lower transaction fees: Transaction fees for cryptocurrencies are often lower than those for traditional payment methods, which is a great match with survey sites issuing small transaction amounts.

The future: Blockchain technology used in market research

So far we have talked about using cryptocurrency as a reward option. But what about using blockchain technology to store and share data gathered through online surveys? Many believe sharing and handling personal data through blockchain technology has the potential to revolutionize the market research industry by bringing in data privacy, disintermediation, and productivity gains. Smart contracts can be used to hardcode data privacy, ensuring that data collection is compliant with GDPR, and saving data requesters from owning personal data they shouldn’t. This could make blockchain an ideal option for data sharing between market research companies and survey takers.

Blockchain surveys are better for respondents

When taking online surveys today, you’ll often notice that you’re being forwarded from one site to another. So-called respondent marketplaces linking respondents to market research clients through multiple middlemen make it hard to keep track of which company you’re actually trusting your data with. Blockchain surveys on the other hand have the potential to simplify the sharing of data between survey takers and market research clients, making today’s middlemen largely redundant. This would also make it much easier for you as a survey taker to understand how your private data is handled.

Fairer data sharing

Blockchain surveys can lead to industry-level productivity gains and democratization of data access, which also means more of the value created from market research can go back to respondents. This technology is evolving rapidly and becoming more complete and easier to use with each iteration, which will increase the efficiency of the insights industry.

Another benefit of using blockchain surveys is that rewards in the form of tokens can carry lower value than traditional survey rewards. This is because tokens are easy to trade and exchange, and they offer an upside if the network grows. This could make crypto a very attractive reward option for survey takers who would benefit from instant gratification and growth in token value.

The future of blockchain technology used in market research

The adoption of blockchain technology is on the rise among both survey takers and survey sites, suggesting that we’ll see more widespread use in issuing surveys and analysing data. Although the change won’t happen overnight, the technology is evolving fast, and we at HuginX believe that blockchain technology eventually will create a revolution in the market research industry. As blockchain technology continues to evolve, we expect to be at the forefront of this journey guiding our readers to the best sites.